 |
Market Research Report
Lighting Control System - Global Market Outlook (2019 -2027) |
||||||
| Published by | Stratistics Market Research Consulting | Product code | 969557 | ||||
| Published | Content info | 150+ Pages Delivery time: 2-3 business days |
|||||
| Price |
|
||||||
| Lighting Control System - Global Market Outlook (2019 -2027) | ||
| Published: October 1, 2020 | Content info: 150+ Pages |
|
According to Stratistics MRC, the Global Lighting Control System Market is accounted for $19.84 billion in 2019 and is expected to reach $68.72 billion by 2027 growing at a CAGR of 16.8% during the forecast period. Some of the factors such as government initiatives and policies for energy savings and ongoing and upcoming smart city projects in developing economies are propelling market growth. However, security and reliability issues with smart homes and high initial and deployment costs are hampering the market growth.
A lighting control system is a system by which a smart network of lighting controls allocates the user to control lights in space. These systems have countless applications across diverse verticals, like aircraft, automobiles, home appliances, etc. Also, the lighting control system can be explained as the capability to regulate the level and quantity of light in a particular space. The control of light augments the experience and also saves energy.
Based on the offering, the hardware segment is likely to have a huge demand due to the hardware components in lighting products such as LED drivers and ballasts, sensors, relay units, dimmers, and gateways. The growing command of LED lights and sensors driven by its exceptional properties such as lowers energy consumption, requires less maintenance, and offers higher safety. An increasing command for energy-saving lighting systems is a key pouring factor for the market for this segment.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the hasty infrastructure-related activities being undertaken in this region, mainly in China, where smart lighting paves the way for the modernization of infrastructure. Factors such as the ever-growing population, growing per capita income, as well as vast geographic expansions, have indirectly contributed to the growth of the market for lighting control systems in the Asian countries.
Some of the key players profiled in the Lighting Control System Market include Signify Holding, Legrand, General Electric Company, OSRAM Licht AG, Schneider Electric, Honeywell International Inc, Hubbell Incorporated, Ideal Industries, Inc., Eaton, Acuity Brands Lighting, Inc., Leviton Manufacturing Company, Inc., Philips Lighting NV, Lutron Electronics Co. Inc, Cree Inc, and Cisco Systems Inc.
Offerings Covered:
Installation Types Covered:
Communication Protocols Covered:
End Users Covered:
Regions Covered:
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
Intelligent Lighting Control Market Segmentation By Lighting Components (Dimmers & Switches. Sensors, Microcontrollers & Microprocessors, Intelligent Luminaries and Others); By Connection Type (Wired and Wireless);
Global Lighting Control System Market Size study, by Component, by Technology, by Application and Regional Forecasts 2019-2026
Lighting Control System Market - Growth, Trends, and Forecast (2020 - 2025)
Market Data - Lighting Controls for Commercial Buildings - Sensors, Multi-Feature Controls, Relays, Switches, Ballasts, Drivers, Control Gear, and Services: Global Market Analysis and Forecasts
Lighting Control System Market by Installation Type (New and Retrofit), Offering (Hardware, Software, and Services), End-use Application (Indoor and Outdoor), Communication Protocol, and Geography - Global Forecast to 2024
World Lighting Controls Market, Forecast to 2025
Global Market Study on Lighting Controllers: Sensor to Remain Dominant Technology During the Forecast Period 2017 - 2025
Growth Opportunities for the Global Lighting Control Market
The European Market for Lighting Controls and IoT
